Samaritan, Colossal, and more

Your weekly update on Christian startups, founders, and VC

February 07, 2023

Good Morning!

Welcome to the this week's edition of Faith Factor, your weekly summary of Christian-related founder, startup, and VC news.

Startup of the Week: Samaritan

Founded by Jonathan Kumar and Jason Keil in 2016, Samaritan provides smart wallets for those without a stable home. Their mobile app platform enables nonprofits, hospitals, and other organizations to help individuals in their systems access the financial support they need to achieve a stable job and find a place to live. Samaritan also focuses on including social-oriented resources within their platform, so that those using their platform can find social and emotional support as well. According to their website, they over 15,000 volunteers and have helped over 300 individuals achieve employment, a stable home, or a similarly major goal.

Faith-Based News

Startups

  • None this week

VC/PE

  • Sovereign's Capital acquired Ascend Wireless Networks, a design-build services company for cell towers, for an undisclosed amount (link)

  • 1Flourish Capital lead a $3.54 million funding round in TradeOff (link)

Incubators and Competitions

  • Praxis opened applications for their 2023 Future Founders Scholarship, which will award six emerging leaders (18-25 years old) with an all-expenses-paid trip to their annual conference (link)

Impact News

Startups

  • Our Next Energy, which focuses on battery technology, raised a $300 million Series B to build a gigafactory in Michigan (link)

  • Colossal Biosciences raised a $150 million Series B to help fund its efforts to bring back extinct species (link)

Around the Network

Select Articles

  • None this week

Select Podcasts

  • From Pro Athlete to Entrepreneur with Jeremy Lin and Patricia Sun (link)

Job Board

All Levels

See you next week!